PEGAS Trading

One platform for one European Gas Market

Market data
Pegas Markets

The product range of PEGAS covers spot and derivatives contracts for the major European gas hubs as well as trading in location and time spread products. Please click on hubs for descriptions.

List of members
ETF

The ETF hub is located in Denmark and operated by Energinet.dk. It was launched in 2008 by Gaspoint Nordic which integrated PEGAS in 2016. Tradable contracts include spot and futures instruments, ranging from Intraday trading to the next month. The trading unit is Euro/MWh and the volume unit is MW.

Specifications
GASPOOL

The GASPOOL delivery area is one of Germany’s two delivery zones. It is a virtual delivery point operated by GASPOOL Balancing Services since 2009. Tradable GASPOOL contracts on PEGAS include spot and futures instruments, ranging from Intraday trading to the next 4 calendar years. The trading unit is Euro/MWh and the volume unit is MW.

Specifications
NBP

The National Balancing Point (NBP) market area is located in the United Kingdom. This virtual trading point, Europe’s second most liquid gas trading zone, is operated by National Grid. Tradable NBP contracts include spot and futures instruments, ranging from intraday trading to the next 3 calendar years. The trading unit is pence/therm and the contract volume unit is kth/day.

Specifications
ZTP

Zeebrugge Trading Point (ZTP) is the newer virtual gas trading point in Belgium, operated by Fluxys since 2012. Tradable ZTP contracts on PEGAS include spot and futures instruments, ranging from Intraday trading to the next month. The trading unit is Euro/MWh and the contract volume unit is MW.

Specifications
TTF

The virtual trading TTF (Title Transfer Facility) is located in the Netherlands and operated by Gasunie Transport Services since 2003. This virtual trading point is considered Europe’s most liquid market. Tradable TTF contracts on PEGAS include spot and futures instruments, ranging from intraday to the next 4 calendar years. The trading unit is Euro/MWh and the contract volume unit is MW.

Specifications
ZEE

The Zeebrugge Hub is the natural gas physical trading point in Belgium. Created and operated by Fluxys since 1999, it is connected to the National Balancing Point (UK) via the Interconnector. Tradable ZEE contracts on PEGAS include spot and futures instruments, ranging from intraday to the next calendar year. The trading unit is pence/therm and the contract volume unit is kth/day.

Specifications
PSV

The Punto di Scambio Virtuale (PSV), or virtual trading point, is located in Italy and operated by Snam Rete Gas. PSV Financial and physical futures launched by PEGAS in 2015. Tradable contracts include futures instruments, ranging from the next 3 months to the next  calendar year. The trading unit is Euro/MWh and the contract volume unit is MW.

Specifications
CEGH VTP

The CEGH VTP (Central European Gas Hub Virtual Trading Point) market area is located in Austria.  It is a virtual trading point operated by CEGH since 2009. CEGH Exchange joined PEGAS in 2016. Tradable contracts include spot and futures instruments, ranging from intraday trading to the next 2 calendar years. The trading unit is Euro/MWh and the contract volume unit is MW.

Specifications
PEG Nord

Located in France and launched in 2004, the PEG Nord includes the Northern delivery zone of the GRTgaz network. Tradable PEG Nord contracts include spot and futures instruments, ranging from Intraday trading to the next 2 calendar years. The trading unit is Euro/MWh and the contract volume unit is MWh/day.

Specifications
TRS

The French TRS (Trading Region South) is formed by the southern part of the GRTgaz network (ex-PEG Sud), together with the TIGF network in South-West France (ex-TIGF). The virtual trading point was created in 2015, in replacement of the PEG Sud and the PEG TIGF. Tradable TRS contracts include spot and futures instruments, ranging from Intraday trading to the next month. The trading unit is Euro/MWh and the contract volume unit is MWh/day.

Specifications
NCG

The NCG delivery area is one of Germany’s two delivery zones. It is a virtual delivery point operated by NetConnect Germany since 2008. Tradable NCG contracts on PEGAS include spot and futures instruments, ranging from Intraday trading to the next 4 calendar years. The trading unit is Euro/MWh and the volume unit is MW.

Specifications
ncg etf gas pool nbp ztp ttf zee psv Cegh vtp peg nord trs

PEGAS News

2017-10-24 | NEWS

ENET Energy SA starts trading on PEGAS Spot and Futures

2017-09-28 | NEWS

Clean Energy Markets Access GmbH starts trading on PEGAS Spot and Futures

2017-09-05 | NEWS

Trafigura Trading (Europe) Sarl starts trading on PEGAS Spot